Man Utd debts double

[oldcolner]

What an American owner can do for you.
They made a £21m loss to June this year compared to £19m profit last year

Debts have somehow more than doubled :D
The club reported a net debt figure of £474.1m as of 30 June compared to £203m last year.

Things must be getting even worse this season. PBP must be an act of desperation.

https://news.sky.com/story/coronavirus-manchester-united-reports-net-loss-and-doubling-of-debt-pile-12110161

Maybe we should be grateful for MGs parsimony. O:)

[oldcolner]

What an American owner can do for you.
They made a £21m loss to June this year compared to £19m profit last year

Debts have somehow more than doubled :D
The club reported a net debt figure of £474.1m as of 30 June compared to £203m last year.

Things must be getting even worse this season. PBP must be an act of desperation.

https://news.sky.com/story/coronavirus-manchester-united-reports-net-loss-and-doubling-of-debt-pile-12110161

Maybe we should be grateful for MGs parsimony. O:)

Glaziers still took £20m dividend

[The Bedlington Terrier]

Moneyball my arse.

[oldcolner]

Last year had only 3 months affected by Covid and debts doubled. This year they wil have a full year of it, so they could easily double again or worse. The Mail reports the owners have taken £1bn out of the club in finance costs, dividends and interest — and that figure continues to rise.
Happy Days Glaziers

https://www.dailymail.co.uk/sport/sportsnews/article-8863203/Manchester-United-announce-debt-SOARED-133-474-1MILLION.html

[barrie_burn]

The Glazers aren't stupid.Interest rates are very low at the moment so lend your money to Man Utd at an exorbitant rate and just wait until
some Chinese or Saudi billionaire comes along and then sell the Club at a nice profit.